Asian Stocks Rally, Buoyed by News
That Financial Crisis Could Be Over

By

Jon E. Hilsenrath and

Craig Karmin Staff Reporters of The Wall Street Journal

Updated April 20, 1999 12:01 a.m. ET

Asian markets broadly rallied for the second consecutive session, buoyed by more good economic news and signs that buying interest could be spreading from blue chips to lesser-known stocks.

The notable exception was Japan's benchmark index; it was dragged down 1% to 16674.21 by a sell-off in technology shares. But markets in Hong Kong, Singapore, the Philippines and Indonesia surged. European bourses rebounded impressively though Wall...